Flagship Harbor Advisors LLC Sells 444 Shares of Oracle Co. (NYSE:ORCL)

Flagship Harbor Advisors LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,522 shares of the enterprise software provider’s stock after selling 444 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Oracle were worth $1,920,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter worth about $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the third quarter valued at approximately $51,000. Friedenthal Financial purchased a new stake in shares of Oracle during the 3rd quarter valued at approximately $51,000. Finally, Activest Wealth Management grew its stake in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $183.59 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a 50-day moving average price of $174.41 and a 200-day moving average price of $162.64. The company has a market cap of $513.50 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio is 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Evercore ISI increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.